|C.A.R. Buyer Most Wanted List|
If you are a Seller, take note. Sometimes you may have to spend some money to "unlock your equity". By that I mean that a $10K investment (yes, I know that is a lot of money) may affect your selling price by $20K or more. Where else can you can a 100% return on your money in a relatively short time? If you are doing improvements to sell, it is important to get advice from a professional as to the best investments to make (if any) in your home).
If you are a Buyer there may be things here that you didn't consider and if some of these items aren't important to you, then you may have a leg up in multiple offer situations because other buyers will value the property less as they look for some of the features I discuss below. While many buyers will find their budget to be tight after making a significant investment, if you can afford to do some of these home improvement projects and have the time and inclination to do so, you may be able to find a property that is, all things considered a "deal".
Other factors that buyers consider when looking at a kitchen are the counter space, storage, and layout with "Galley" style kitchens being far less desirable than wider standard kitchens. Some homes in the area have both an eat in area in the kitchen and room for or an actual formal dining room.
|Wood Floors enhance the look of any Home|
|N Redondo Beach School Boundary Map|
A common misconception is that all of the homes in Golden Hills fall within Jefferson. Not so if you look at the school boundary map pictured here. Another question I hear from buyers is whether their children can go to Mira Costa High School in Manhattan Beach. I certainly would not recommend buying in Redondo premised on the assumption that your child can go to Mira Costa. While Hermosa Beach families can send their kids to high school in either Redondo or Manhattan, that's not entirely the case in Redondo.
|Detached 2 on a lot Townhouse|
The obvious reason that standard floor plans are highly desirable is that families with small children want them on the same sleeping level as the parents. (I have been surprised, however, by the number of reverse floor plan homes I have sold to young families.) So this is nothing that as a seller you can improve on or fix. Buyers should be aware that they will most likely pay more for a Golden Hills SFR with 3 bedrooms upstairs than they will for the standard 2 down model (all other factors being equal).
HIGH CEILINGS: Whether they are "vaulted" Cathedral, or just high flat ceilings, an open air space and feel is definitely highly desirable. This somewhat flies in the face of the last comment about standard floorplans because the reverse floorplan homes will likely have the high ceilings on the living area. But truthfully there are different buyers for each of these products. I've found that in general, reverse floorplans may appeal more to empty nesters, singles, or owners who have visitors and actually find the bedrooms on different floors to be a benefit.
If you have high natural wood vaulted ceilings, think twice about painting them because many buyers like the natural look. I won't mentioned it as a separate item, but for sellers putting in recessed lighting is often a great investment if you have lower ceilings or high ceilings you want to accentuate.
|I bet some of these roofs need replacement!|
FOUR BEDROOMS: Four bedroom homes are selling extremely well these days whether they are attached or detached 2 on a lots or attached 3 on a lot townhomes. Why? More people have home offices, extended family living with them, frequent visitors, and 2 or more children. If anything where the standard used to be 3 bedrooms and 2 baths, now 4 bedrooms is more and more a requirement.
Some 3 bedroom 2 on a lot floorplans have an open extra bonus area on the second level which can serve as a home office. Attached 3 on a lot townhomes with 2 bedrooms upstairs are also in high demand as are older 3 bedroom 2 on a lots that have a formal living room, dining room, eat in kitchen and family room downstairs.
The other requirement I am hearing this year, and this is why location is so important, is a nice block. Grant is often a tough sell because it is perceived as being a noisy main street. Busy north-south streets such as Rindge can be difficult resales. There has been push back which I believe is based on old assumptions about being too far "east". Truthfully some of the most expensive properties have sold in the 2400 block and higher of MLS Area 152. Being next to apartments and other multi unit rentals is
So, what do North Redondo Beach buyers really want?
A home with an updated kitchen, wood floors, newer roof, 4 bedrooms, a small yard, bedrooms on the same floor, curb appeal and near a desirable elementary school. And most importantly a good deal.